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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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CMU/Yale study suggests BEVS could be majority or near-majority of cars and SUVs by 2030 given technology trends

Green Car Congress

A suggestive market-wide simulation extrapolation indicates that if every gasoline vehicle had a BEV option in 2030, the majority of new car and near-majority of new sport-utility vehicle choice shares could be electric in that year due to projected technology improvements alone. —Forsythe et al. Forsythe et al. 2219396120

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Honda to Begin Sales of New N-VAN e: in October

Electric Cars Report

Honda will begin sales in Japan of a new commercial-use mini electric vehicle, the N-VAN e:, on October 10, 2024, with a starting price at 2,439,800 yen ($15,500).

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Vinfast electric truck, Hertz selling EVs for gasoline, by-wire firsts: Today’s Car News

Baua Electric

The rental-car giant Hertz has announced that it’s selling a third of its EV fleet —about 20,000 EVs, including some Teslas—to buy gasoline cars. The company points to expensive collision claims and charging issues, and has suggested that Tesla’s price volatility didn’t help.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

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DOE launches “eGallon” to help compare cost of fueling with electricity vs. gasoline

Green Car Congress

The US Department of Energy (DOE) launched the “ eGallon ” as a quick and simple way for consumers to compare the costs of fueling electric vehicles vs. driving on gasoline. Today’s national average eGallon price is about $1.14, meaning that a typical electric vehicle could travel as far on $1.14 worth of gasoline.